Oceania Capital Partners Ltd Stock Price Gaps Up Today; Buyers Are Thriving

 Oceania Capital Partners Ltd Stock Price Gaps Up Today; Buyers Are Thriving

The stock of Oceania Capital Partners Ltd (ASX:OCP) gapped up by $0.1 today and has $6.23 target or 164.00% above today’s $2.36 share price. The 5 months technical chart setup indicates low risk for the $83.15M company. The gap was reported on Oct, 18 by Barchart.com. If the $6.23 price target is reached, the company will be worth $136.37 million more.
Gaps up are useful for using as a support level and to some extent as a tradeable event. If investors already hold the stock and experience a price gap up, then its usually a good idea to hold the stock for a stronger up move. Back-tests of these patterns indicate that two-thirds of the times the stock performance improves after the gap. The area gaps close 89% of the time, the breakaway gaps, 2%, the continuation gaps 4% and the exhaustion gaps 61%. The stock increased 12.38% or $0.26 on October 18, hitting $2.36. About 14,679 shares traded hands. Oceania Capital Partners Ltd (ASX:OCP) has risen 68.57% since March 22, 2016 and is uptrending. It has outperformed by 63.09% the S&P500.

More news for Oceania Capital Partners Ltd (ASX:OCP) were recently published by: Smh.com.Au, which released: “Denials of corporate leaks full of holes” on May 27, 2014. Globenewswire.com‘s article titled: “Encore Capital Group to Take Controlling Stake in Baycorp” and published on September 28, 2015 is yet another important article.

Oceania Capital Partners Limited is an Australia investment company. The company has a market cap of $83.15 million. The Company’s divisions include Financial Services, which includes receivables management; Commercial Radio Broadcasting, which includes operation of frequency modulation radio stations; Digital lead generation, which includes online lead generation and marketing, and Security screens, which is engaged in supplying door and window security screens. It has a 17.16 P/E ratio. The Firm has invested in operating businesses, whether privately owned or publicly listed, with decisions being based on the fundamental investment characteristics of the business.

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